Sun, September 26, 2021

business

SET down 0.5% as tight valuation, OR ruling takes toll


The Stock Exchange of Thailand (SET) Index closed at 1,514.91 on Wednesday, down 8.20 points or 0.54 per cent. Total transactions amounted to Bt96.45 billion with an index high of 1,528.58 and a low of 1,513.96.

2,100

View

In the morning session, a Krungsri Securities analyst expected the day’s index to fluctuate between 1,515 and 1,520 points amid the rising oil price after refineries in Texas shut due to snow storms, and mass buy-ups of shares whose fourth-quarter performance was expected to improve.

The analyst advised investors to beware of the SET’s tight valuation and mass sell-offs of PTT Oil and Retail Business (OR) shares after it was disqualified from listing on the FTSE.

The 10 stocks with the highest trade value today were OR, EA, KBANK, STGT, STA, GPSC, PTT, TQM, PTTGC and CBG.

As of 4.30pm, the price of oil rose by US$0.28 or 0.47 per cent to $60.33 per barrel, while gold dropped by $13.80 or 0.77 per cent to $1,785.20 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 30,292.19, down 175.56 points or 0.58 per cent.

Hong Kong's Hang Seng Index closed at 31,084.94, up 338.28 points or 1.10 per cent.

South Korea's KOSPI closed at 3,133.73, down 29.52 points or 0.93 per cent.

Taiwan's TAIEX Index closed at 16,362.29, up 559.89 points or 3.54 per cent.

Stock markets in mainland China were closed for Lunar New Year.

Published : February 17, 2021

By : The Nation